Titan Corporation has $9\mathrm{.}3$ million shares of common stock outstanding and $370,0006\mathrm{.}1$

percent semiannual bonds outstanding, with a par value of $$1,000$ each. The common

stock currently sells for $$41$ per share and has a beta of $1\mathrm{.}25$ ; the bonds have $20$ years to

maturity and sell for $112$ percent of par. The market risk premium is $8\mathrm{.}1$ percent, T$-$bills are

yielding $4$ percent, and the company's tax rate is $23$ percent.

a$.$ What is the firm's market value capital structure? $($Do not round intermediate

calculations and round your answers to $4$ decimal places, e$.$g$.,\mathrm{.}1616.)$

b$.$ If the company is evaluating a new investment project that has the same risk as the

firm's typical project, what rate should the firm use to discount the project's cash

flows? $($Do not round intermediate calculations and enter your answer as a percent

rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$